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thank you! Limestone Corporation (a new company) collects cash from its sales according to the following schedule: 40% in the month of sale 60% in

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Limestone Corporation (a new company) collects cash from its sales according to the following schedule: 40% in the month of sale 60% in the month following sale All sales are on account, and there are no bad debts. The following sales are expected: January $ 40,000 February $ 60,000 March $ 80,000 What is the expected balance of Accounts Receivable at the end of March? Multiple Choice $ 32,000 O $ 48,000 O $80,000 $ 84,000

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